Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1571 Cypress Ave Melbourne, FL 32935-5928
    Back to Search
    Property profile & analytics

    1571 Cypress Ave, Melbourne, FL 32935-5928

    View on Map
    • Industrial properties
    • 7,587 SF
    • 0.40 lot acres
    Off-Market
    Property ID
    US19-0874735
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,100,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1571 Cypress Ave

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.40 lot acres
    Zone code
    C2
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    27-37-16-25-00045.0-0005.00
    APU
    9223372036854775807

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 26, 2019 $100 Angela M Nelson Donnelson INC Quit Claim Deed · related —
    Sep 26, 2018 $250,000 Don Nelson INC Preferred Materials INC Grant Deed —
    Jan 24, 2017 — Don Nelson INC — Deed · related $98k · First Business Bank
    May 2, 2016 — Don Nelson INC — Deed · related $119k · Space Coast Cu
    Aug 13, 2003 $280,000 Donald A Nelson Coastal Bank Grant Deed $230k · Harbor Fsb
    Apr 24, 2003 $259,600 Coastal Bank Natale,joseph M & Sharon J Grant Deed · related —
    Jun 12, 2000 $185,000 Joseph M Natale W C S Of Brevard INC Grant Deed $185k · Seller
    — — Don Nelson INC — Loan Modification · related $119k · Space Coast Cu

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,474,000
      Market price range: $952k - $4.00M
      AI Estimate
      $724,000
      Market price range: $506k - $1.85M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6327
    Latitude
    28.1326
    CBSA code
    37340
    CBSA name
    PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,149
    $0.00
    $0.00
    $335,830
    -
    $70,440
    $272,390
    $342,830

    Comparable in this City

    • Value Estimation
      $1,065,000
      4,188 SF

      587 Eau Gallie Blvd, Unit 101-05

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      587 Eau Gallie Blvd, Melbourne, FL 32935-6524
      View Details
    • Value Estimation by Request
      2,040 SF

      587 Young St

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      587 Young St, Melbourne, FL 32935-7056
      View Details
    • Value Estimation by Request
      2,388 SF

      2837 Aurora Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      2837 Aurora Rd, Melbourne, FL 32935-2004
      View Details
    • Value Estimation by Request
      1,960 SF

      4633 Coquina Rdg Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      4633 Coquina Rdg Dr, Melbourne, FL 32935-4808
      View Details
    • Value Estimation
      $505,000
      3,108 SF

      900 Eau Gallie Blvd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      900 Eau Gallie Blvd, Melbourne, FL 32935-6055
      View Details
    • Value Estimation by Request
      2,206 SF

      445 Montreal Ave

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      445 Montreal Ave, Melbourne, FL 32935-6535
      View Details

    Similar Nearby for Sale

    • $1,100,000
      1.67 Acres

      Versatile Commercial Land in Melbourne

      1.67-acre M1-zoned land suitable for various commercial uses.
      1075 Mcclendon St, Melbourne, FL 32935
      View Details
    • Contact for pricing

      Industrial Property with Car Wash

      Two properties on one parcel, warehouse and car wash.
      12911301 Lake Washington Rd, Melbourne, FL 32935
      View Details
    • Contact for pricing

      Renovated Warehouse Near US Hwy 1

      2,250 SF warehouse with renovated office, near US Hwy 1.
      2280 Avocado Ave, Melbourne, FL 32935
      View Details
    • Contact for pricing
      13,704 SF

      Car Wash and Showroom/Warehouse

      Car wash, showroom, and warehouse property for sale.
      1291 Lake Washington Rd, Melbourne, FL 32935
      View Details
    • Contact for pricing
      1,890 SF

      Insulated Warehouse with Highway Frontage

      Air-conditioned warehouse with offices and convenient highway access.
      2774 North Harbor City Blvd, Melbourne, FL 32935
      View Details

    Similar Nearby for Lease

    • $825,000
      1,288 SF

      Prime Commercial Corner in Melbourne

      0.81-acre commercial corner for rent in Melbourne, Florida.
      1987 North Harbor City Blvd, Melbourne, FL 32935
      View Details
    • Contact for pricing

      Melbourne Retail/Office Space Available

      Retail and office spaces with 24/7 access and ample parking.
      1220 Sarno Rd, Melbourne, FL 32935
      View Details
    • $8 SF/Yr
      27,850 SF

      Melbourne Warehouse Space Available

      Prime Industrial Space - 2,250+ sq ft
      2280 Avocado Ave, Melbourne, FL 32935
      View Details
    • Contact for pricing
      2,419 SF

      Warehouse/Distribution Center Opportunity

      Versatile space suitable for warehouse or distribution center.
      1671 Cypress Ave, Melbourne, FL 32935
      View Details
    • Contact for pricing
      7,500 SF

      Versatile Industrial Space For Lease

      Up to 15,000 SF available, ideal for industrial, baking.
      875 Creel St, Melbourne, FL 32935
      View Details
    • Contact for pricing

      Air-Conditioned Warehouse Space For Rent

      Air-conditioned warehouse with highway frontage, offices, and high ceilings.
      2774 N Harbor City Blvd, Melbourne, FL 32935
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1571 Cypress Ave
    Melbourne, FL 32935-5928
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1571 Cypress Ave, Melbourne, FL, 32935
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!